Hey!
I don’t have a job so I can devote a lot of time to trading!
I use the M30 and M5 for my strategy. I don’t use Alex Elder’s strategies. I only use his multi timeframe approach. I decide to get in trades based on where price is compared to the 20 EMA. If price aligns on both time frames I set my stop order at the precise point where it reverses and goes in the direction of the trend. Stop loss gets placed at the previous peak or trough depending on whether you are long or short. Take profit is set at a measured move. Hope this helps!
Take profit was hit!
+$19
Stop loss hit!
-$21
-$19
Closing for today!
Hit take profit!
+$34
Lost it
-$25
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Keep going dude, you’re making PROGRESS
1 Like
Hit the adjusted sl
-$12
Take profit was hit!
+$45
